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KPF

K2 Principal Fund Portfolio holdings

AUM $1.43B
1-Year Est. Return 29.56%
This Fund
S&P 500
This Quarter Est. Return
-8.03%
1 Year Est. Return
+29.56%
3 Year Est. Return
+71.66%
5 Year Est. Return
+57.43%
10 Year Est. Return
+278.66%
AUM
$1.16B
AUM Growth
-$351M
Cap. Flow
-$335M
Cap. Flow %
-28.92%
Top 10 Hldgs %
45.37%
Holding
494
New
126
Increased
47
Reduced
55
Closed
192

Top Buys

Rank Stock Value
1
PFSI icon
PennyMac Financial
PFSI
+$32M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$29.2M
3
NMRK icon
Newmark Group
NMRK
+$11.5M
4
COIN icon
Coinbase
COIN
+$9.28M
5
BMO icon
Bank of Montreal
BMO
+$8.82M

Top Sells

Rank Stock Value
1
SKIN icon
SkinHealth Systems
SKIN
+$24.3M
2
BG icon
Bunge Global
BG
+$15.9M
3
CIXX
CI Financial Corp.
CIXX
+$12.4M
4
TRIS
Tristar Acquisition I Corp.
TRIS
+$11.2M
5
SAGAU
Sagaliam Acquisition Corp. Units
SAGAU
+$9.93M

Sector Composition

Rank Sector Weight
1 Financials 16.69%
2 Real Estate 2.6%
3 Technology 2.09%
4 Communication Services 1.94%
5 Consumer Staples 1.7%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PROK icon
326
ProKidney
PROK
$314M
– –
-100,000
Closed -$990K
RIVN icon
327
PUT
Rivian
RIVN
$22.5B
– –
-64,000
Closed -$6.64M
RKT icon
328
CALL
Rocket Companies
RKT
$36.6B
– –
-80,000
Closed -$1.12M
RNG icon
329
CALL
RingCentral
RNG
$4.7B
– –
-57,000
Closed -$10.7M
SARK icon
330
Tradr 2X Long Innovation ETFShort Innovation Daily ETF
SARK
$44.5M
– –
-2,667
Closed -$297K
SII
331
Sprott
SII
$2.67B
– –
-53,025
Closed -$2.39M
SPCE icon
332
PUT
Virgin Galactic
SPCE
$324M
– –
-2,500
Closed -$669K
SPWH icon
333
CALL
Sportsman's Warehouse
SPWH
$44.9M
– –
-75,000
Closed -$885K
SPY icon
334
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$789B
– –
-280,000
Closed -$133M
TECK icon
335
PUT
Teck Resources
TECK
$29.5B
– –
-25,000
Closed -$720K
TLT icon
336
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$41.9B
– –
-295,000
Closed -$43.7M
TSLA icon
337
Tesla
TSLA
$1.23T
– –
-19,200
Closed -$6.76M
TWLO icon
338
Twilio
TWLO
$29.8B
– –
-2,000
Closed -$364K
UA icon
339
Under Armour Class C
UA
$2.79B
– –
-190,015
Closed -$3.43M
UNG icon
340
CALL
United States Natural Gas Fund
UNG
$454M
– –
-100,000
Closed -$5M
VXX icon
341
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
$155M
– –
-2,615
Closed -$963K
WBD icon
342
CALL
Warner Bros
WBD
$65.7B
– –
-24,000
Closed -$565K
WFG icon
343
CALL
West Fraser Timber
WFG
$5.05B
– –
-76,000
Closed -$7.25M
XLF icon
344
CALL
State Street Financial Select Sector SPDR ETF
XLF
$56.8B
– –
-225,000
Closed -$8.79M
XLY icon
345
PUT
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$22.6B
– –
-100,000
Closed -$10.2M
ZBH icon
346
CALL
Zimmer Biomet
ZBH
$18.1B
– –
-15,450
Closed -$1.91M
ZG icon
347
Zillow
ZG
$7.94B
– –
-69,759
Closed -$4.34M
BRLSW icon
348
Borealis Foods Inc Warrant
BRLSW
$748K
– –
-300,000
Closed -$183K
TXNM
349
TXNM Energy Inc
TXNM
$6.41B
– –
-137,551
Closed -$6.27M
BROGW
350
DELISTED
Brooge Holdings Limited Warrant expiring 12/20/2024
BROGW
– –
-258,238
Closed -$142K
12 13
14
15 16

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LCG
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SMA
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SCA
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K2 Principal Fund's Q1 2022 Portfolio in Review

As of Q1 2022, K2 Principal Fund held 494 positions worth $1.16B, down 23% from $1.51B the previous quarter. Its ten largest holdings account for 45% of the portfolio.

K2 Principal Fund withdrew a net $335M in Q1 2022, closing 192 positions and reducing 55 holdings. Its most notable exit was Bunge Global, an estimated $15.9M position sold in full.

By sector, the portfolio is most concentrated in Financials at 17% of assets, up from 16% a quarter earlier, followed by Real Estate and Technology.

Against the trend, K2 Principal Fund opened a new position in State Street SPDR S&P 500 ETF Trust worth $29.6M.

  • K2 Principal Fund's largest Q1 2022 buy was State Street SPDR S&P 500 ETF Trust: 65,553 shares worth $29.6M.
  • K2 Principal Fund added most to PennyMac Financial in Q1 2022, an estimated $32M increase.
  • K2 Principal Fund's biggest Q1 2022 reduction was SkinHealth Systems, cutting an estimated $24.3M.
  • K2 Principal Fund fully exited Bunge Global in Q1 2022, selling an estimated $15.9M.
  • K2 Principal Fund's ten largest holdings make up 45% of its $1.16B portfolio in Q1 2022.
  • K2 Principal Fund opened 126 new positions and closed 192 in Q1 2022.
  • K2 Principal Fund's portfolio value fell 23% quarter-over-quarter to $1.16B.

Based on K2 Principal Fund's 13F filing for Q1 2022, filed 16 May 2022.